Commercial Syn Bags Ltd
Incorporated in 1984, Commercial Syn Bags
Ltd manufactuers and exports containers and packaging materials[1]
- Market Cap ₹ 688 Cr.
- Current Price ₹ 169
- High / Low ₹ 200 / 122
- Stock P/E 26.1
- Book Value ₹ 44.0
- Dividend Yield 0.24 %
- ROCE 13.9 %
- ROE 16.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.85 times its book value
- Tax rate seems low
- Company has a low return on equity of 12.0% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 191 | 213 | 323 | 290 | 288 | 347 | 387 | |
| 167 | 189 | 289 | 266 | 261 | 312 | 339 | |
| Operating Profit | 24 | 25 | 34 | 24 | 27 | 36 | 48 |
| OPM % | 12% | 12% | 10% | 8% | 9% | 10% | 12% |
| 2 | 1 | 4 | 2 | 3 | 4 | 3 | |
| Interest | 4 | 4 | 7 | 6 | 8 | 9 | 9 |
| Depreciation | 7 | 8 | 9 | 10 | 11 | 9 | 11 |
| Profit before tax | 14 | 15 | 21 | 9 | 11 | 21 | 31 |
| Tax % | 21% | 17% | 14% | 14% | 27% | 20% | 14% |
| 11 | 12 | 18 | 8 | 8 | 17 | 26 | |
| EPS in Rs | 3.22 | 3.37 | 4.92 | 2.02 | 1.97 | 4.29 | 6.52 |
| Dividend Payout % | 16% | 20% | 14% | 0% | 0% | 9% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 10% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 48% |
| TTM: | 53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 33% |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 40 | 40 | 40 | 40 |
| Reserves | 57 | 67 | 93 | 81 | 89 | 110 | 137 |
| 52 | 86 | 84 | 76 | 109 | 115 | 129 | |
| 19 | 32 | 32 | 30 | 36 | 43 | 52 | |
| Total Liabilities | 140 | 197 | 222 | 226 | 273 | 308 | 358 |
| 58 | 87 | 94 | 99 | 108 | 100 | 106 | |
| CWIP | 14 | 0 | 0 | 13 | 0 | 2 | 26 |
| Investments | 0 | 0 | -0 | -0 | 22 | 23 | 24 |
| 68 | 109 | 128 | 115 | 143 | 183 | 202 | |
| Total Assets | 140 | 197 | 222 | 226 | 273 | 308 | 358 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 27 | -9 | 6 | 38 | 6 | 1 | 39 | |
| -17 | -17 | -7 | -30 | -29 | -0 | -45 | |
| -10 | 28 | -1 | -8 | 23 | 0 | 5 | |
| Net Cash Flow | -0 | 2 | -2 | -1 | 0 | 1 | -1 |
| Free Cash Flow | 10 | -27 | -9 | 10 | -0 | -1 | -1 |
| CFO/OP | 130% | -25% | 29% | 172% | 30% | 9% | 94% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 37 | 40 | 35 | 54 | 49 | 62 |
| Inventory Days | 110 | 190 | 115 | 129 | 164 | 160 | 149 |
| Days Payable | 21 | 37 | 30 | 34 | 39 | 37 | 40 |
| Cash Conversion Cycle | 124 | 190 | 125 | 130 | 179 | 172 | 171 |
| Working Capital Days | 35 | 35 | 42 | 44 | 28 | 40 | 31 |
| ROCE % | 13% | 16% | 8% | 9% | 12% | 14% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Manufacturing Capacity MTPA |
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| Capacity Utilization % ・Standalone data |
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| FIBC Sales Volume Million Nos |
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| Export Presence Countries |
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| Comsyn India Private Limited Capacity MTPA ・Standalone data |
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| Geo-textiles Plant Capacity Utilization % ・Standalone data |
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| Trading Volume (DCA cum CS of OPaL) MT ・Standalone data |
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| Comsyn India Private Limited Capacity Utilization % ・Standalone data |
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| Solar Power Generation Lakh Units ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - We are pleased to submit the copy of extract on newspaper clipping of standalone and consolidated audited financial results for the quarter/year ended on 31st …
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Statement On Deviation Or Variation Of Funds In Proceeds Of Preferential Issue For The Quarter Ended 31St March, 2026.
30 May - No deviation in preferential issue fund use for quarter ended 31 March 2026; Rs. 208.98 lakh raised.
- Submission Of The Standalone And Consolidated Audited Financial Results Along With Auditors' Report Thereon For The Quarter/Year Ended On 31St March, 2026 30 May
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Board Meeting Outcome for Submission Of The Outcome Of 1/2026-27 Board Meeting Along With Standalone And Consolidated Audited Financial Results Along With Auditors' Report Thereon For The Quarter/Year Ended On 31St March, 2026.
30 May - Commercial Syn Bags posted FY26 audited standalone profit of Rs 2,695.68 lakh; board approved results on 30 May 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Annual Secretarial Compliance Report filed for year ended 31 March 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Concalls
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Mar 2022TranscriptAI SummaryPPT
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Mar 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Dec 2020TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Sep 2020TranscriptAI SummaryPPT
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Sep 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Oct 2019TranscriptAI SummaryPPT
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Sep 2019TranscriptAI SummaryPPT
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Jun 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Sep 2018TranscriptAI SummaryPPT
Business Overview:[1]
Commercial Syn Bags Limited (Comsyn), based in Indore, is a leading manufacturer and exporter of packaging solutions, including Flexible Intermediate Bulk Containers (FIBCs), tarpaulins, woven sacks, and BOPP bags.